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PVR-INOX plans to shut down around 50 cinema screens over next 6 months

India Retailing is the one-stop source for News, updates, intelligence, articles, and analysis on Indian Retail Industry trusted by business leaders.

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PVR-INOX plans to shut down around 50 cinema screens over next 6 months

New Delhi: Leading cinema exhibitor PVR INOX plans to close around 50 loss-making screens, having an accelerated depreciation. ”The company plans to shut down approximately 50 cinema screens.

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Bengaluru Has 4 High Streets In India; Noida Sector 18, Delhi s South Ex In Top 10

As per the insights, MG Road (Bengaluru) tops the list of high streets in India, followed by Somajiguda (Hyderabad) in the second position.

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PVR - PVR Inox to add 200 screens every year; expects double-digit growth in top-line in FY24

In the current fiscal, the merged entity has opened 143 screens across 26 properties in 21 cities

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PVR Inox to add 200 screens every year; expects double-digit growth

A merger of PVR and Inox Leisure is effective from February 06, 2023

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